CL Redux
- Thread starter schizo
- Start date
"US retail gasoline demand down 1.8 pct-MasterCard"
http://uk.reuters.com/article/2011/04/12/usa-gasoline-demand-idUKEGE7DB01820110412
http://uk.reuters.com/article/2011/04/12/usa-gasoline-demand-idUKEGE7DB01820110412
Goldman sachs must have got this report on Wednesday and
sold all longs 111 level
shorted heavily at 113 level
and gave SELL call on Monday
and will cover shorts at 103 level in day or two .. and add more LONG at that level
These actions may not be just based on MasterCard report , they are waiting for
- movement to deflate LIBYA premium
- stock market earnings weak outlook added to it .
when they are waiting for a events , events will come sooner or later
Many of us are wondering what will be the drop if gaddafi leaves all of the sudden
- here we had it with out gaddafi leaving $10 drop fom 113 to 103 ( soon ..)
----
NEW YORK, April 12 (Reuters) - U.S. retail gasoline demand
fell last week following sharp increases in prices at the pump,
MasterCard Advisors' SpendingPulse report showed on Tuesday.
Average gasoline demand dropped 1.8 percent week-over-week
to 9.02 million barrels per day, MasterCard said. Demand fell
3.0 percent year-on-year, slipping for the sixth straight
week.
sold all longs 111 level
shorted heavily at 113 level
and gave SELL call on Monday
and will cover shorts at 103 level in day or two .. and add more LONG at that level
These actions may not be just based on MasterCard report , they are waiting for
- movement to deflate LIBYA premium
- stock market earnings weak outlook added to it .
when they are waiting for a events , events will come sooner or later
Many of us are wondering what will be the drop if gaddafi leaves all of the sudden
- here we had it with out gaddafi leaving $10 drop fom 113 to 103 ( soon ..)
----
NEW YORK, April 12 (Reuters) - U.S. retail gasoline demand
fell last week following sharp increases in prices at the pump,
MasterCard Advisors' SpendingPulse report showed on Tuesday.
Average gasoline demand dropped 1.8 percent week-over-week
to 9.02 million barrels per day, MasterCard said. Demand fell
3.0 percent year-on-year, slipping for the sixth straight
week.
Quote from NoDoji:
I see you wisely padded your order a few ticks to ensure a fill
now that i'm stopped out, watch it rock higher.
Doesn't this all sound hocus-pocus? Prices go up from the world shortage supply but always comes down from lack of demand in the US. Put it another way, why does the rest of the world drive up the damn price when they all know American consumers are too broke at this time to support it? Go figure.
BTW just flipped short at 106.49
They figure the US consumer is addicted. You don't quit because price goes up, you simply grumble and maybe drive a bit less for a while, but still demand huge cars, more tax breaks (at the expense of public transport systems), etc.
Drill, baby, drill
Oh, and incredible trading on your part today (stands in awe, mouth gaping...
)